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Volatilitas Penerbitan Nilai Outstanding Sukuk Negara dari Perspektif Risiko Makroekonomi

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Objectives : This study aims to determine the effect of macroeconomic
risks, namely gross domestic product growth, inflation, and
exchange rate, on the issuance of outstanding sovereign
sukuk in Indonesia.
Methods : This study uses a quantitative approach through the
VAR/VECM method with case studies in Indonesia in the
period from 2009 to 2023.
Results/findings : Economic Growth (PDB), Exchange Rate, and Inflation
have significant impacts on the volatility of outstanding
government bonds in the long term. The VECM analysis
shows that PDB, Exchange Rate, and Inflation have positive
and significant impacts on the volatility of government bonds
in the long term. However, in the short term, only PDB has a
significant impact. The IRF and FEVD analyses indicate that
PDB provides the longest positive response and increases
over time, followed by Exchange Rate which provides a
negative response but increases over time, and Inflation
which provides a negative response initially but increases in
subsequent periods. This conclusion highlights the important
role of these macroeconomic variables in influencing bond
volatility

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Availability

Detail Information

Series Title

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Call Number

REF 332.6 RAH v

Publisher

Bogor : IAI Tazkia., 2024

Collation

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Language

Indonesia

ISBN/ISSN

NIM.S.2010103003

Classification

332.6

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

SUKUK
Macroeconomics
Inflation
Exchange Rate
Sovereing Islamic Bonds
gross Domestic Product (GDP) Growth

Specific Detail Info

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Statement of Responsibility

Saufi Rahman

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